at Wintrust Financial Corporation in Rosemont, Illinois, United States
Job Description
Wintrust is a financial holding company with approximately $50 billion assets under management and traded on the NASDAQ:WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 170 banking locations in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including commercial and life insurance premium financing, short-term accounts receivable financing, out-sourced administrative services, mortgage origination and purchase, wealth management services and qualified intermediary services for tax-deferred exchanges.
Why join us?
- An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 9 years) and Employee Recommended award by the Globe & Mail (past 6 years)
- Competitive pay and discretionary or incentive bonus eligible
- Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
- Family-friendly work hours
- With 175+ community bank locations, we offer opportunities to grow and develop in your career
- Promote from within culture
Why Join this Team?
- We are a high performing, collaborative, and diverse team focused on transforming the business through engaging work on model risk and risk strategy
- We work across disciplines and departments, with opportunities for exposure to and partnership with executive management across variety of business lines
- We are seeking a critical thinker thats willing to learn and not afraid of taking on new initiatives, adapt to emerging risks and regulatory changes
What You'll Do
- As a VP in Model Risk Management, you lead, manage, and conduct various activities related to enterprise model risk validation and model governance.
- Act as one of the leaders for Model Governance in the MRM department.
- Perform independent and comprehensive validation and governance of models through a models entire life cycle in adherence with the Model Risk Management Policy and Procedures. Monitor the performance of all models and work closely with the model owners when changes in performance are observed.
- Maintain model risk management infrastructure, including model inventory, model performance, model risk events, etc. Lead the efforts in standardization, automation, and workflow management. Contribute to enhancing the current process for model validation and governance.
- Manage a systematic repository of data, work papers, and supporting documentation for each model. Create documentation, work papers, and professional reports of validation results. Write and develop Standard Operating Procedures for validation processes and maintain proper tracking of all model validations and model governance activities.
- Maintain and enhance tools and techniques used to support model testing and validation. Support regulatory examinations and internal audits of the modeling process and component models. Assist with any senior management ad-hoc requests.
- Maintain status updates, and facilitate resolution/escalations of issues in a timely fashion. Create periodic analytical and update presentations and reports for senior management, executive management, risk committees, and regulatory exams.
Qualifications:
- Masters...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
